Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

5/6 candle swing low swing high Indicator 5 replies

Swing high / Swing low indictator+alert? 20 replies

Trading Swing by Swing 39 replies

Swing highs and swing lows 3 replies

swing high/swing low indicator and volume tic history 13 replies

Attachments: Intraday swing trading
Exit Attachments

Intraday swing trading

Quoting BWilliam
{quote} Hi Rick, no matter in heaven or hell, FF members are suckers to TA. We are wasting our time. We have wasted enough time. You know what we both have to do. I don't need to tell you. And that neighbour of yours, I'm sure you know him better now. Cheers ***This thread is now open to FF members with no moderation.
Hi BW

I'm going be in Japan trading Futures for six weeks and eating the odd Sushi or two - won't give a shit what FF members are wasting their time on.

Before I go, perhaps I should talk about an Ex New York floor trader and now a hedge fund manager called Garry Norden who wrote a book on this subject.

Technical Analysis Exposed - Why Most Technical Analysis Traders Lose

The following is an insert from Garry about his book.

When I first moved to Australia I had no intention of writing books or providing services to retail traders. However, after reading magazines and attending seminars aimed at retail traders I felt compelled to get involved and offer insight from the perspective of someone who had only traded at a professional level.

It was clear that every 'educator' and trading magazine contributor was teaching some form of technical analysis. Yet in my time in the industry I had never worked with one trader who used it. And so from 2003 until 2005 I researched the field of technical analysis as thoroughly as I could. I wrote to institutions and researchers all over the world and gathered dozens of studies. I shared those studies as well as my own views on the failings of technical analysis in my first book 'Technical Analysis and the Active Trader'.

But the publishing process was not a straight forward one. One major publisher turned the book down, simply because they said if people enjoyed it and agreed with me, they would struggle to sell all the technical analysis books they they were producing!

A major publisher did take the book but we had significant disagreements over the title and marketing and cost of the book. I hated the title 'Technical Analysis and the Active Trader' and I hated the marketing blurb that went with it as well as the US$65 price tag. It felt like the book was being set up to fail. I had the distinct impression that all aspects of the trading community didn't want this book to be widely distributed. In fact, one US based book promoter actually told me that no trading or financial media would cover the book or allow me to publicize it!

Still think TA works? READ THE FUCKIN BOOK
Very few are succesful, why the hell do you think your'e going to be one of those lucky bastards that is profitable.
Stop dreaming - TA isn't the answer.
Attached Image (click to enlarge)
Click to Enlarge Name: TAE.png Size: 54 KB
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} Hi BW I'm going be in Japan trading Futures for six weeks and eating the odd Sushi or two - won't give a shit what FF members are wasting their time on. Before I go, perhaps I should talk about an Ex New York floor trader and now a hedge fund manager called Garry Norden who wrote a book on this subject. Technical Analysis Exposed - Why Most Technical Analysis Traders Lose The following is an insert from Garry about his book. When I first moved to Australia I had no intention of writing books or providing services to retail traders. However,...
Gary Norden is a MORON and a FOOL, he was a "pit runner" and a "messenger boy" , of course he never seen TA in his years in the industry, he was like a "good boy" doing what he was told.
and in 2 years he decided TA does not work and WROTE a book ?? SCAMMER ALERT

another SCAMMER ALERT, in his videos in youtube all he does is run his mouth about TA and promote himself:
my website
my students
my links
my newsletter
my courses
my subscription area

but the FOOL didn't know that traders are smart and only fools follow him:
his twitter account from 2017 and only 1424 fools followed him
his youtube account from 2014 and only 2.09k fools followed him

I dare anyone of you to post a chart without any TA and try to explain it.

RickM, you said "read the f'ing book" and I say READ THE F'ING CHART

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4324.png Size: 84 KB



btw, the FOOL attacked FORUM traders too, that includes you RickM and BWilliam.
go fetch the FOOL for a LIVE debate or stop being fooled by the SCAMMER.
"the public is not yet ready for it" W.D. GANN
Trading - interesting and funny world!

At least make one call, then praise something is good!

or bad???
Quoting Ihlas
Trading - interesting and funny world! At least make one call, then praise something is good! or bad???
reading the market has nothing to do with trading, that's the JOB of the strategy you base on the reading, and MM will help you avoid/minimize mistakes.

asking for "one call" is like asking for a fish, but TA teach you fishing.

TA teach you how to read the market so you can build a strategy that fit you, and smart MM will save you from losing the account.

cheers,
"the public is not yet ready for it" W.D. GANN
Quoting Kwt4x
{quote} reading the market has nothing to do with trading, that's the JOB of the strategy you base on the reading, and MM will help you avoid/minimize mistakes. asking for "one call" is like asking for a fish, but TA teach you fishing. TA teach you how to read the market so you can build a strategy that fit you, and smart MM will save you from losing the account. cheers,
You're right! Interesting how you're reading if there isn't any letter on the charts.MM might delay your account loss. Nothing fancy.
Quoting Kwt4x
{quote} Gary Norden is a MORON and a FOOL, he was a "pit runner" and a "messenger boy" , of course he never seen TA in his years in the industry, he was like a "good boy" doing what he was told. and in 2 years he decided TA does not work and WROTE a book ?? SCAMMER ALERT another SCAMMERT ALRT, in his videos in youtube all he does is run his mouth about TA and promote himself: my website my students my links my newsletter my courses my subscription area but the FOOL didn't know that traders are smart and only fools follow him: his twitter account...
Hi Kwt4x


Wow, you certainly have a bad opinion about the bloke.

How come you know so much about Garry, were you a student of his or just think his stuff is a lot of crap.

I do know about Garry's strategy's he uses when he trades the Future's Markets. He trades with a Market Making style which is similar to one of my strategies I use and its quite brilliant. Other than that, never met or talked to the bloke, only read the book which is interesting.

His message about TA being a losing strategy for most traders is one I agree actually with.

All the best.
Trading thin liquidity at the boundary of the charts
Quoting Kwt4x
{quote} Gary Norden is a MORON and a FOOL, he was a "pit runner" and a "messenger boy" , of course he never seen TA in his years in the industry, he was like a "good boy" doing what he was told. and in 2 years he decided TA does not work and WROTE a book ?? SCAMMER ALERT another SCAMMERT ALRT, in his videos in youtube all he does is run his mouth about TA and promote himself: my website my students my links my newsletter my courses my subscription area but the FOOL didn't know that traders are smart and only fools follow...
My point is one call will save you from thousand words.
Quoting Ihlas
{quote} You're right! Interesting how you're reading if there isn't any letter on the charts.MM might delay your account loss. Nothing fancy.
I'm sorry I don't have a scammer mentality to dazzle you with my chart.

I posted the chart because the FOOL mentioned GANN in his videos, but you don't have to use GANN, there is a lot of methods and TA's out there, find what make you read the market correctly.

you already use TA in your charts, take advantage of them to make good trades.

cheers,
"the public is not yet ready for it" W.D. GANN
Quoting Ihlas
These will save you from thousand words said in vain. {image} {image}
I said when to go long in EG here:
Quoting Ihlas
EURAUD AND EURGBP - second type set-up EURAUD time expired EURGBP is long from here, target is last week WEDNESDAY HIGH
I was wrong at ECAD at that post (because I was just testing my algo targets and limit, but I got the lesson), here's updated ECAD tophttps://www.forexfactory.com/attachment/image/4425463?d=1679727379

Quoting Kwt4x
{quote} I'm sorry I don't have a scammer mentality to dazzle you with my chart. I posted the chart because the FOOL mentioned GANN in his videos, but you don't have to use GANN, there is a lot of methods and TA's out there, find what make you read the market correctly. you already use TA in your charts, take advantage of them to make good trades. cheers,
Better nothing than half-baked truth.
Quoting RickM
{quote} His message about TA being a losing strategy for most traders is one I agree actually with.
But, of course, logically this lack of clarity and differentiation results in a fallacy.
Bow and arrow don't work as a weapon.
Why?
Because most people asked to try a bow and arrow miss the target.
This example may tell us something about "most people", about the word "try", maybe about skills or proficiency, but not much about the effectiveness of bow and arrow as a weapon.
[This is not meant as an insult, just as a statistical fact: "most people" simply don't understand the difference between causality and correlation.]
"Losers always winge about their best. Winners go home and fuck the prom queen".

If you can either remember OR, search out which film this is from, then you have thus proven you're not a complete muppett. Ergo, TA is just a tool and the achievibility OF said person is in the hands of the person. People always love scamming themselves by "blaming their tools". By the way, many here must be muppetts who do not know how to recognize TA. I've looked at all your screenshots .... you're all using TA in one form or another. So get over it and grow Up, not down.

Peter
Real Trading is not gambling.
Quoting RickM
{quote} Hi Kwt4x Wow, you certainly have a bad opinion about the bloke. How come you know so much about Garry, were you a student of his or just think his stuff is a lot of crap. I do know about Garry's strategy's he uses when he trades the Future's Markets. He trades with a Market Making style which is similar to one of my strategies I use and its quite brilliant. Other than that, never met or talked to the bloke, only read the book which is interesting. His message about TA being a losing strategy for most traders is one I agree actually with....
Hi RickM,

I've seen a lot of scammers through out the years, I can identify one when I see them. I don't need to know the FOOL.

post a chart of "Market Making style" without any TA, please.

"His message about TA being a losing strategy for most traders is one I agree actually with."
I agree with you too, but it's not that TA is bad, it's the traders misuse of it.

cheers,
"the public is not yet ready for it" W.D. GANN
Quoting Ihlas
{quote} I said when to go long in EG here:{quote} I was wrong at ECAD at that post (because I was just testing my algo targets and limit, but I got the lesson), here's updated ECAD tophttps://www.forexfactory.com/attachment/image/4425463?d=1679727379 {quote} Better nothing than half-baked truth.
C'mon man, we are traders not a signal service.
"the public is not yet ready for it" W.D. GANN
Inserted Video


Technical analysis is....
risk management is paramount
Quoting Rmg
https://youtu.be/tCZQQsWg_UQ Technical analysis is....
Hi RMG

Too complicated as those wriggly lines form many patterns that need to meet at high or lows of historical older wriggly lines that need to hit supply & Demand boxes that can't be too old or too young and never in early Asia session or at end of day close. And now for 65 more rules to follow if you want me to list them.

You got to be kidding me -

I have 2 rules - Buy as Market orders move up if the tape has an imbalance of Sellers
or - Sell as Market moves down if the tape has an imbalance of Buyers

HOW BLOODY SIMPLE IS THAT - Made me 6% increase in equity in my Futures account on Friday night.

You can't make money if you can't decide what wriggly lines is more important after reviewing 50 different wriggly lines on 25 markets in four different time frames.
RMG, if you can make money with all that crap - I'll bow down and kiss your feet.
Trading thin liquidity at the boundary of the charts
Quoting Rmg
https://youtu.be/tCZQQsWg_UQ Technical analysis is....
I apologies for my deleted post if you read it, I'm in fasting and patience is at minimum

great video about TA history. just understanding the basic mindset of the people mentioned in the video, will save a lot of traders from the losing streaks.

cheers,
"the public is not yet ready for it" W.D. GANN
Quoting RickM
{quote} Hi RMG Too complicated as those wriggly lines form many patterns that need to meet at high or lows of historical older wriggly lines that need to hit supply & Demand boxes that can't be too old or too young and never in early Asia session or at end of day close. And now for 65 more rules to follow if you want me to list them. You got to be kidding me - I have 2 rules - Buy as Market orders move up if the tape has an imbalance of Sellers or - Sell as Market moves down if the tape has an imbalance of Buyers HOW BLOODY SIMPLE IS THAT - Made...
Yesterday I made 13% using just candles and highs & lows and I had to stop before NYO. Thats not the point
here. Technical analysis is not all that crap as mentioned here. Its the trader who using it.
risk management is paramount
Quoting Rmg
{quote} Yesterday I made 13% using just candles and highs & lows and I had to stop before NYO. Thats not the point here. Technical analysis is not all that crap as mentioned here. Its the trader who using it.
Hi Rmg


Well done, but again you are proving my point (13% should be celebrated)
A few traders can be profitable I agree HOWEVER most just lose money.

BW & myself are just trying to focus on the fact that TA is a losing strategy for MOST traders

Good Luck next week
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} Hi Rmg Well done, but again you are proving my point (13% should be celebrated) A few traders can be profitable I agree HOWEVER most just lose money. BW & myself are just trying to focus on the fact that TA is a losing strategy for MOST traders Good Luck next week
Hi RickM,

thank you for using the word "MOST" , but that will get you in trouble
you just admitted that TA is good for "SOME" traders, but crap for "MOST" traders
and that will make this thread and the FOOL book title misleading and deceiving.

I hope you agree with me and turn this thread around to talk about "How to use TA correctly and become a winner".

btw, I made 25% in one swing inside a week, but that's not the issue, making 1% every week for a year that will be 52% and it's a HIGH percentage for beginners.

it will be easy for the thread to help them achieve that, don't you think!

cheers,
"the public is not yet ready for it" W.D. GANN
Quoting RickM
{quote} Hi RMG Too complicated as those wriggly lines form many patterns that need to meet at high or lows of historical older wriggly lines that need to hit supply & Demand boxes that can't be too old or too young and never in early Asia session or at end of day close. And now for 65 more rules to follow if you want me to list them. You got to be kidding me - I have 2 rules - Buy as Market orders move up if the tape has an imbalance of Sellers or - Sell as Market moves down if the tape has an imbalance of Buyers HOW BLOODY SIMPLE IS THAT - Made...
Hi RickM,
Very good. Simple & to the point & no wiggles needed. I got it. Cheers.
0 traders viewing now